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OAS: Negotiation should not be based on "power sharing" but on "redemocratization of the country".

Thursday, July 13, 2017

June Oil Production Rose, Except In Venezuela

The Organization of Petroleum Exporting
Countries may have extended a cut in oil production, but the June data show an
increase in production compared to May. In OPEC's July monthly oil-market
report (a PDF), the organization projected a 2% rise in non-OPEC oil supplies
in 2018, with the lion's share from the United States, followed by Brazil,
Canada and Russia. It sees supplies declining in Mexico and China. In June,
according to OPEC's information from secondary sources, production rose the
most in Libya and Nigeria, which are exempt from production cuts. But Angola
and Saudi Arabia production was notably higher, as was production in Iraq and
Iran. (See table for numbers.) More…